Socrates Project

Socrates was the Company’s primary listing project and has produced some excellent exploration results.

The Project is located approximately 11km northwest of the south-eastern margin of the Yilgarn Craton, in the Kurnalpi Terrane of the Eastern Goldfields Superterrane. The area is dominated by northwest-trending belts of Archean metasedimentary rocks, mafic volcanic and intrusive rocks and large granitic intrusions.

A series of major NNW-oriented shears extend through the Project that separate broad packages of folded Archean rocks and extend south to the Cundeelee Fault which marks the northeast-trending contact between the Yilgarn Craton and the Albany Fraser Orogen.

Previous geochemical surveys and magnetics carried out over Socrates defined a 450m target zone striking NNW. The Company has conducted 4458m of successful RC drilling over 2 programs and has a confirmed minimum strike length of 350m and is open on both strike and dip.

Program 1 – 23 RC holes – 1210m

Significant Results Include:

  • 5m @ 5.95g/t Au from 12m (Including 2m @ 11.63g/t Au from 13m)
  • 8m @ 2.85g/t Au from 14m (Including 2m @ 8.35g/t Au from 15m)
  • 2m @ 4.42g/t Au from 28m
  • 3m @ 8.13g/t Au from 40m (Including 1m @ 15.2g/t Au from 41m)
  • 9m @ 2.28g/t Au from surface
  • 15m @ 2.67g/t Au from 31m (Including 4m @ 4.7g/t Au from 38m)
  • 14m @ 6.96g/t Au from 20m (Including 2m @ 14.7g/t Au from 24m and 2m @ 23.5g/t Au from 27m)
  • 2m @ 16.72g/t Au from 48m

Program 2 – 18 RC hole2 – 3248 metres

Significant Results Include:

  • 192m at 0.5g/t Au from 58m, ending in mineralisation (Including 9m at 2.14 g/t Au from 111m & 2m at 4.86g/t Au from 118m)
  • 8m at 3.53g/t Au from 194m (Including 2m at 7.42g/t Au from 194m)
  • 7m at 2.16g/t Au from 131m
  • 7m at 3.01g/t Au from 260m

The Company has a solid geological model for Socrates and is looking forward to delivering a JORC resource in the future.